CARB approves $483M funding plan for clear transportation investments; 94% of funding from cap-and-trade
The California Air Sources Board authorized a $483 million plan to fund clear automotive rebates, zero-emission transit and faculty buses, clear vehicles, and different progressive, clear transportation and mobility pilot tasks.
The Fiscal 12 months 2018-19 Funding Plan for Clear Transportation Incentives, largely funded with cap-and-trade proceeds, is a part of California’s complete technique for enhancing air high quality and lowering greenhouse fuel emissions within the transportation sector, the state’s largest supply of air air pollution and climate-changing gases. Of the $483 million complete, $455 million (94%) comes from the cap-and-trade program; the rest—$28 million—is from the Air High quality Enchancment Program. The funding plan prioritizes investments in deprived and low-income communities.
The plan serves because the blueprint for expending funds appropriated to CARB in price range payments handed this 12 months by the Legislature and signed by the Governor, together with $455 million from Cap-and-Commerce public sale proceeds. The plan establishes priorities for the funding, describes the tasks CARB intends to fund, and units funding targets for every challenge.
Tasks within the FY 2018-19 plan prioritize environmental justice by addressing particular neighborhood wants and growing consciousness of, and entry to, cleaner transportation and mobility choices exceeding the necessities known as for underneath Senate Invoice 350. The Board is growing the goal for funding in deprived and low-income communities and households to 50% as known as for by Meeting Invoice 1550.
The funding plan builds upon successes and classes from earlier years’ investments and furthers collaboration throughout associated initiatives such because the AB 617 Group Air Safety Program.
Highlights of the FY 2018-19 Plan embrace:
$200 million for the Clear Car Rebate Venture (CVRP), together with elevated rebates for low-income shoppers. (CVRP promotes clean-vehicle adoption by providing rebates for the acquisition or lease of recent, eligible zero-emission autos, together with electrical, plug-in hybrid electrical and gas cell autos.)
$75 million for Transportation Fairness Tasks, together with the Enhanced Fleet Modernization Plus-Up/Clear Automobiles four All Program (incentives for lower-income drivers to scrap and change older, high-polluting automobiles with zero- or near-zero-emission automobiles), Financing Help for Decrease-Revenue Shoppers, Clear Mobility Choices, Agricultural Employee Vanpools, Rural Faculty Bus Pilot Venture, and the brand new Clear Mobility in Colleges Venture.
$180 million for Clear Truck & Bus Vouchers (HVIP and Low NOx Engine Incentives) and the Zero- and Close to-Zero Emission Freight Services Venture.
$28.6 million for Air High quality Enchancment Program or AQIP-funded heavy-duty automobile investments, together with the Truck Mortgage Help Program and new Diesel Particulate Filter Retrofit Replacements.
Over the previous 5 years, the Legislature has appropriated almost $1.2 billion for low-carbon transportation tasks from the cap-and-trade program. Funds additionally come from the Air High quality Enchancment Program (AQIP) with an annual price range of about $28 million. AQIP helps CVRP, the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Venture (HVIP), and has been funding demonstrations for superior emission discount automobile applied sciences since 2009.
By coordinating funding selections throughout applications and fostering a complete portfolio by way of further sources corresponding to AQIP and Volkswagen mitigation funds, CARB is ready to maximize advantages and see transformative clear transportation pilot tasks come to fruition in communities throughout the state.
Investments reveal continued assist for emission discount targets set forth in California’s Local weather Change Scoping Plan, Cellular Supply Technique, State Implementation Plans, Sustainable Freight and Zero-Emission Car Motion Plans.